Just 1 thing I'd like to add to your admirable list Frank...
BHP currently sells about 20% of it's products to China, and as this article says ...
China to remain world's 'engine of demand' for metals, bulk commodities- Moody's 05.30.08, 5:43 AM ET
BEIJING (XFN-ASIA) - Moody's Investors Service has a stable outlook on the ratings of base metal, mining and steel companies in the Asia Pacific over the next 12-18 months, and believes China will continue to be the main driver of global metals and bulk commodities demand.
'Despite a stagnant US economy, China should continue to act as the engine of demand that underpins the ratings of metals and bulk commodities, with supporting roles from ongoing infrastructural build-outs in countries like India, Brazil, and Russia,' the Moody's (nyse: MCO - news - people ) note said.
It added that China's growth is likely to be slower than in the past.
'But the combination of production and delivery bottlenecks, tight supply and inventories, higher raw-material costs, and problems with power supplies in certain producing countries will help keep prices well above long-term averages.'
I'm only sorry I was not in a position to take advantage of the current 'wash and rinse' cycle.
:) Lekki
BHP Price at posting:
0.0¢ Sentiment: Buy Disclosure: Held
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